Burlington Stores, Inc. (NYSE:BURL) CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $92.29, for a total value of $1,845,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Thomas Kingsbury also recently made the following trade(s):

  • On Monday, September 11th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $87.81, for a total value of $1,756,200.00.
  • On Thursday, August 10th, Thomas Kingsbury sold 20,000 shares of Burlington Stores stock. The shares were sold at an average price of $84.03, for a total value of $1,680,600.00.

Burlington Stores, Inc. (NYSE:BURL) traded down 2.42% on Thursday, reaching $90.33. The company’s stock had a trading volume of 962,109 shares. The firm has a 50 day moving average price of $90.23 and a 200 day moving average price of $92.23. Burlington Stores, Inc. has a 52 week low of $68.94 and a 52 week high of $104.07. The stock has a market capitalization of $6.15 billion, a P/E ratio of 24.95 and a beta of 0.53.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.22. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. Burlington Stores’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. On average, equities analysts anticipate that Burlington Stores, Inc. will post $4.20 EPS for the current year.

Burlington Stores declared that its Board of Directors has authorized a share buyback plan on Thursday, August 24th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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A number of research analysts recently commented on the company. Cowen and Company set a $105.00 price objective on Burlington Stores and gave the company a “buy” rating in a report on Monday, August 14th. BMO Capital Markets restated a “buy” rating and set a $115.00 price target on shares of Burlington Stores in a research note on Wednesday, September 13th. Credit Suisse Group cut Burlington Stores from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $97.00 to $89.00 in a research note on Wednesday, August 2nd. Morgan Stanley restated an “overweight” rating and set a $107.00 price target (up from $105.00) on shares of Burlington Stores in a research note on Friday, August 25th. Finally, BidaskClub upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Burlington Stores has an average rating of “Buy” and an average target price of $105.38.

Several institutional investors and hedge funds have recently made changes to their positions in the business. M&T Bank Corp boosted its holdings in shares of Burlington Stores by 1.5% in the 1st quarter. M&T Bank Corp now owns 2,583 shares of the company’s stock valued at $252,000 after purchasing an additional 37 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Burlington Stores by 1.1% in the 2nd quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock valued at $350,000 after purchasing an additional 40 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Burlington Stores by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock valued at $517,000 after purchasing an additional 41 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Burlington Stores by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after purchasing an additional 128 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Burlington Stores by 6.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock valued at $283,000 after purchasing an additional 191 shares during the last quarter.

About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Insider Buying and Selling by Quarter for Burlington Stores (NYSE:BURL)

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